Inventory inaccuracy in retail stores due to theft: An analysis of the benefits of RFID

Rekik, Yacine; Şahin, Evren; Dallery, Yves

doi:10.1016/j.ijpe.2008.08.048

Cited by 112 publications

(39 citation statements)

References 4 publications

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“…Most retailers will use barcodes for inventorying, but inventories based on barcodes are expensive, disruptive, can only be done every few months, and their accuracy is typically no higher than 95%. This situation results in frequent stock outs, frustrated customers, expensive preventive overstocking, and in the impossibility to source on-line orders directly from the stores, which would allow retailers to effectively compete with online retailers [14]. In contrast, RFID-based inventories are much more affordable, non disruptive, and the accuracy is usually above 99%.…”

Section: Inventory Systemsmentioning

confidence: 99%

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Development of an RFID Inventory Robot (AdvanRobot)

Morenza-Cinos

Casamayor-Pujol

Soler-Busquets

et al. 2017

Studies in Computational Intelligence

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Abstract. AdvanRobot proposes a new robot for inventorying and locating all the products inside a retail store without the need of installing any fixed infrastructure. The patent pending robot combines a laserguided autonomous robotic base with a Radio Frequency Identification (RFID) payload composed of several RFID readers and antennas, as well as a 3D camera. AdvanRobot is able not only to replace human operators, but to dramatically increase the efficiency and accuracy in providing inventory, while also adding the capacity to produce store maps and product location. Some important benefit of the inventory capabilities of AdvanRobot are the reduction in stock-outs, which can cause a drop in sales and are the most important source of frustration for customers; the reduction of the number of items per reference maximizing the number of references per square meter; and reducing the cost of capital due to overstocking [1,7]. Another important economic benefit expected from the inventorying and location capabilities of the robot is the ability to efficiently prepare on-line orders from the closest store to the customer, allowing retailers to compete with the likes of Amazon (a.k.a. omnichannel retail). Additionally, the robot enables to: produce a 3D model of the store; detect misplaced items; and assist customers and staff in finding products (wayfinding).

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Section: Inventory Systemsmentioning

confidence: 99%

“…Second, it executes the selected task actions, using the ROS actionlib stack 14 . By means of actionlib, the node monitors the task, and if required it can also preempt the actions.…”

Section: Architecturementioning

confidence: 99%

Development of an RFID Inventory Robot (AdvanRobot)

Morenza-Cinos

Casamayor-Pujol

Soler-Busquets

et al. 2017

Studies in Computational Intelligence

View full text Add to dashboard Cite

show abstract

“…Concerns include the management of machine-paced processes (Wang et al, 2008;Vlad et al, 2009), shop floor control Collier, 2008, Thiesse andFleisch, 2008), reverse logistics (Kärkkäinen, 2003;Karaer and Lee, 2007;Kulkarni et al, 2007;Sameer et al, 2009), integration with ERP or similar legacy systems (Kohn et al, 2005;Günther et al, 2008) and inventory accuracy (Fleisch and Tellkamp, 2005;Doerr et al, 2006;De Kok et al, 2008;Rekik et al, 2008Rekik et al, , 2009Szmerekovsky and Zhang, 2008;Uc -kun et al, 2008).…”

Section: Rfid Technology In Production Processesmentioning

confidence: 99%

An RFID application in large job shop remanufacturing operations

Ferrer

Heath

Dew

2011

International Journal of Production Economics

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“…The same work includes a model that represents an error in the physical inventory, as well. Rekik et al (2009) considers a multiperiod problem where the records are inaccurate as a result of theft. Similar models are constructed to show possible benefits of a more capable technology.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of simple inventory control systems with execution errors: Economic impact under correction opportunities

Gel

Erkip

Thulaseedas

2010

International Journal of Production Economics

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a b s t r a c tMotivated by recent empirical evidence, we study the economic impact of inventory record inaccuracies that arise due to execution errors. We model a set of probable events regarding the erroneous registering of sales at each demand arrival. We define correction opportunities that can be used to (at least partially) correct inventory records. We analyze a simple inventory control model with execution errors and correction opportunities, and demonstrate that decisions that consider the existence of recording errors and the mechanisms with which they are corrected can be quite complicated and exhibit complex tradeoffs. To evaluate the economic impact of inventory record inaccuracies, we use a simulation model of a (Q,r) inventory control system and evaluate suboptimalities in cost and customer service that arise as a result of untimely triggering of orders due to inventory record inaccuracies. We show that the economic impact of inventory record inaccuracies can be significant, particularly in systems with small order sizes and low reorder levels.

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Inventory inaccuracy in retail stores due to theft: An analysis of the benefits of RFID

Cited by 112 publications

References 4 publications

Development of an RFID Inventory Robot (AdvanRobot)

Development of an RFID Inventory Robot (AdvanRobot)

An RFID application in large job shop remanufacturing operations

Analysis of simple inventory control systems with execution errors: Economic impact under correction opportunities

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